The NFT market needs AI power to combat forgery and inflation

AI-powered market analytics and intelligence tool helps Web3 users to avoid fake NFTs and estimate the real value of tokens.

The rise of nonfungible tokens (NFTs) spearheaded a new era of digital ownership and investment. With a record number of new NFT collections launched in 2022, the NFT market capped $50 billion in sales volume for the first time. As a fast-growing market operating entirely in the digital world, however, it didn’t take long for the NFT industry to become a haven for fraudsters.

A recent report unveiled that in 2022, more than half of the NFT activity on the Ethereum blockchain, the most popular network for NFT trades, was fraudulent. From wash trading to copycat collections, the NFT.